Aviva has said it has today completed the near-half a billion pound acquisition of AIG's UK life insurance business.
It's the largest deal to date under CEO Amanda Blanc, and follows a full-year profit that exceeded analyst forecasts.
The £453m deal - which was announced in September - will see Aviva by the AIG Life UK unit for Corebridge Financial, a New York-listed company which is majority-owned by AIG.
The deal is expected to add 1.3m individual protection customers and a further 1.4m group protection customers to Aviva's business.
Ms Blanc said last month the company would continue to swarch for "selective" acquisitions following last year's impressive performance.
FTSE 100
The UK's flagship share index, the FTSE 100, was down 17-points at 7,926 shortly after opening this morning.
Brent crude oil futures were up 0.28%, trading at $90.63 a barrel.
Companies reporting today
- Imperial Brands - Pre-close trading statement
- JTC PLC - Full year results
- Unite Group - Q1 trading update